I was asked to make a 6" round cake with "gold" ganache dripping down it and 44 red velvet cupcakes with flowers piped on to them and sprayed with a gold sheen. I costed the ingredients, baking cups, boxes, boards etc and then added time on to do everything and gave my figure of £150. The client thinks it's too expensive and has said they "might just go for a cake".
I'm now concerned that I've overpriced my time and was wondering if you could give me advice on what you would've charged? I'm new to this and don't mean to come across as though I'm a money grabber!
What are you using to calculate your price?
I am here in the US and that seems a bit steep. It comes out to $184. in us currency.
That comes out to about $2.50 per cupcake and $74 for the 6 inch.
My guess is that the price you came up with is just about right.
I wonder if your ingredient costs are a lot higher than they are here in the US.
Good for you. Stick to those prices! Why should you work for peanuts?
I'd even charge more. Don't sell yourself cheap!
I think that's a reasonable price. After subtracting your costs..supplies, energy used, you must get paid for your labour. If you drop your price, you run the risk of getting customers wanting "cheap" prices. People don't work for nothing, why should you!!
Do not charge $2.50 for a cupcake! I've been getting $3 per for 4 years. I think your price is fine.
Thank you everyone! I didn't think I was overcharging but because of the reaction it made me doubt myself.
As you'll all know, it's not just the ingredients that they're paying for it 's the time and effort etc of everything else too. I feel more confident sticking to my pricing now.
I'm in NY, so a bit skewed, but my standard rate is $4-$4.5 depending on whether I use lace wrappers. The price for the cake is also fine. I go anywhere from $7-12 a serving but single 6" cakes require just as much effort even though serving size is small. At some point, you may need to consider whether someone is better off going to a local bakery for smaller jobs, they're just as time consuming.